Costco Wholesale Management

Management criteria checks 3/4

Costco Wholesale's CEO is Ron Vachris, appointed in Feb 2022, has a tenure of 2.17 years. total yearly compensation is $8.45M, comprised of 11.1% salary and 88.9% bonuses, including company stock and options. directly owns 0.006% of the company’s shares, worth €18.83M. The average tenure of the management team and the board of directors is 5.3 years and 8.5 years respectively.

Key information

Ron Vachris

Chief executive officer

US$8.5m

Total compensation

CEO salary percentage	11.1%
CEO tenure	2.2yrs
CEO ownership	0.006%
Management average tenure	5.3yrs
Board average tenure	8.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ron Vachris's remuneration changed compared to Costco Wholesale's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 18 2024	n/a	n/a	US$7b
Nov 26 2023	n/a	n/a	US$7b
Sep 03 2023	US$8m	US$938k	US$6b
May 07 2023	n/a	n/a	US$6b
Feb 12 2023	n/a	n/a	US$6b
Nov 20 2022	n/a	n/a	US$6b
Aug 28 2022	US$7m	US$993k	US$6b
May 08 2022	n/a	n/a	US$6b
Feb 13 2022	n/a	n/a	US$6b
Nov 21 2021	n/a	n/a	US$5b
Aug 29 2021	US$5m	US$805k	US$5b
May 09 2021	n/a	n/a	US$5b
Feb 14 2021	n/a	n/a	US$4b
Nov 22 2020	n/a	n/a	US$4b
Aug 30 2020	US$4m	US$667k	US$4b
May 10 2020	n/a	n/a	US$4b
Feb 16 2020	n/a	n/a	US$4b
Nov 24 2019	n/a	n/a	US$4b
Sep 01 2019	US$4m	US$583k	US$4b
May 12 2019	n/a	n/a	US$4b
Feb 17 2019	n/a	n/a	US$3b
Nov 25 2018	n/a	n/a	US$3b
Sep 02 2018	US$4m	US$486k	US$3b

Compensation vs Market: Ron's total compensation ($USD8.45M) is above average for companies of similar size in the Austrian market ($USD4.43M).

Compensation vs Earnings: Ron's compensation has been consistent with company performance over the past year.

CEO

Ron Vachris (58 yo)

2.2yrs

Tenure

US$8,452,842

Compensation

Mr. Ron M. Vachris serves as President and Director at Costco Wholesale Corporation since February 2, 2022 and served as its Chief Operating Officer since February 2, 2022 and serves as its Chief Executive...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ron Vachris	President	2.2yrs	US$8.45m	0.0062% $ 18.8m
Richard Galanti	Advisor & Director	less than a year	US$6.76m	0.0072% $ 21.8m
Pierre Riel	Executive VP & COO of International Division	23.3yrs	US$5.05m	0.0017% $ 5.0m
Russell Miller	Senior EVP and COO of Warehouse Operations - U.S. & Mexico	6.3yrs	US$4.95m	0.0023% $ 6.8m
Gary Millerchip	Executive VP & CFO	less than a year	no data	no data
Patrick Callans	Executive Vice President of Administration	5.3yrs	no data	0.014% $ 42.9m
David Sherwood	Vice President of Finance & Investor Relations	no data	no data	no data
John Sullivan	Executive VP	14.3yrs	no data	0.0057% $ 17.3m
Sheri Flies	Senior Vice President of Global Sustainability & Compliance	no data	no data	no data
Peter Gruening	Senior VP of Membership	no data	no data	no data
Brenda Weber	Senior Vice President of Human Resources	1.3yrs	no data	no data
Ali Moayeri	Senior Vice President of Construction & Purchasing	12.8yrs	no data	no data

5.3yrs

Average Tenure

60yo

Average Age

Experienced Management: COST's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ron Vachris	President	2.2yrs	US$8.45m	0.0062% $ 18.8m
Richard Galanti	Advisor & Director	29.3yrs	US$6.76m	0.0072% $ 21.8m
Jeffrey Raikes	Independent Director	15.3yrs	US$302.75k	0.0080% $ 24.0m
Kenneth Denman	Independent Vice Chairman of the Board	7.1yrs	US$302.75k	0.0012% $ 3.5m
W. Jelinek	Director	14.2yrs	US$16.87m	0.080% $ 242.8m
Susan Decker	Independent Director	19.5yrs	US$309.37k	0.0026% $ 7.7m
Mary Wilderotter	Independent Director	8.5yrs	US$307.37k	0.0026% $ 7.7m
John Stanton	Independent Director	8.5yrs	US$302.75k	0.0052% $ 15.6m
Hamilton James	Independent Chairman of the Board	35.7yrs	US$302.75k	0.012% $ 37.5m
Sarah Margaret Jewell	Independent Director	4.3yrs	US$302.75k	0.00044% $ 1.3m
Helena Foulkes	Independent Director	less than a year	no data	0.000010% $ 30.2k

8.5yrs

Average Tenure

67yo

Average Age

Experienced Board: COST's board of directors are considered experienced (8.5 years average tenure).

Costco Wholesale Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold €1.6m worth of stock

Costco Wholesale Corporation Announces CFO Changes, Effective March 15, 2024

Costco Wholesale Corporation, Annual General Meeting, Jan 23, 2025

Costco Wholesale Corporation Announces Directorate Elections

Executive VP & COO of Eastern Division recently sold €1.6m worth of stock

Insider recently sold €2.3m worth of stock

Recent updates

Dividend of US$1.16 announced

Costco Wholesale Corporation Announces an Increase in Its Quarterly Cash Dividend, Payable on May 10, 2024

Insider recently sold €1.6m worth of stock

Second quarter 2024 earnings released: EPS: US$3.93 (vs US$3.30 in 2Q 2023)

Costco Wholesale Corporation to Report Q3, 2024 Results on May 30, 2024

Costco Wholesale Corporation Announces CFO Changes, Effective March 15, 2024

Dividend of US$1.02 announced

Costco Wholesale Corporation, Annual General Meeting, Jan 23, 2025

Costco Wholesale Corporation Announces Directorate Elections

Executive VP & COO of Eastern Division recently sold €1.6m worth of stock

Costco Wholesale Corporation Declares A Quarterly Cash Dividend, Payable on February 16, 2024

Costco Wholesale Corporation to Report Q2, 2024 Results on Mar 07, 2024

Robbins Geller Rudman & Dowd LLP and Aqualaw PLC Reaches Settlements in Class Action with Costco Wholesale Corporation, CVS Health Corporation, The Procter & Gamble Company, Target Corporation, Walgreen Co. and Walmart Inc

Robbins Geller Rudman & Dowd LLP and Aqualaw PLC Reaches Settlements in Class Action with Costco Wholesale Corporation, CVS Health Corporation, The Procter & Gamble Company, Target Corporation, Walgreen Co. and Walmart Inc

Insider recently sold €2.3m worth of stock

Upcoming dividend of US$1.02 per share at 0.7% yield

Insider recently sold €1.3m worth of stock

Costco Wholesale Corporation Declares A Quarterly Cash Dividend, Payable on November 17, 2023

Insider recently sold €1.3m worth of stock

Costco Wholesale Corporation to Report Q1, 2024 Results on Dec 14, 2023

Full year 2023 earnings released: EPS: US$14.18 (vs US$13.17 in FY 2022)

Costco Wholesale Corporation Elects Helena Buonanno Foulkes to Board of Directors

Upcoming dividend of US$1.02 per share at 0.7% yield

Costco Wholesale Corporation Announces Quarterly Cash Dividend, Payable on September 8, 2023

Independent Director recently sold €764k worth of stock

Independent Director recently sold €1.9m worth of stock

Costco Wholesale Corporation to Report Q4, 2023 Results on Sep 26, 2023

Third quarter 2023 earnings released: EPS: US$2.93 (vs US$3.05 in 3Q 2022)

Upcoming dividend of US$1.02 per share at 0.7% yield

Insider recently sold €273k worth of stock

Executive VP recently sold €933k worth of stock

President recently sold €1.8m worth of stock

Insider recently sold €1.2m worth of stock

Insufficient new directors

Costco Wholesale Corporation, Annual General Meeting, Jan 18, 2024

Costco Wholesale Corporation (NasdaqGS:COST) announces an Equity Buyback for $4,000 million worth of its shares.

Now 21% undervalued after recent price drop

Independent Director recently sold €437k worth of stock

Costco Wholesale Corporation to Report Q2, 2023 Results on Mar 02, 2023

First quarter 2023 earnings released: EPS: US$3.07 (vs US$2.99 in 1Q 2022)

Costco Wholesale Corporation to Report Q1, 2023 Results on Dec 08, 2022

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age